The Indianapolis journal., 1887-02-04
CONDITION OF THE MARKETS
The Warlike Foreign News and Decline
in Rentes Send Wheat Up Sharply,
But Later Reports Check the Advance and 1t
Closes only Fraction Higher than on
Observation-Disclosures Higher.
MONEY, BONDS AND STOCKS.

tccks Feverish and Lower at the Opening,
but Recover Somewhat Later.
NEW YORK, Feb. 3-Money on cali was
easy at "a per cent, the last loan being at 3,
and closed at "a a. per cent
Prime mercantile paper, 81 06I per cent.
Sterling exchange was duh but steady at 81. S.
for ty-day bills. and $488 for demand.
The total sales Of stocks to-day were 352, ,524
shares, including: Delaware, Lackawanna s.
Western, $40; Erie, 4.470; Kansas & Texas.
$780, Lake Shors. 28,475; Louisville s. Nash
vile. SO, 160; New Jersey Central, 4, 102; New
York Central. 1882 Ohio 6 Mississippi, 1885;
Reading, 60,645; Richmond & West Point, 13,-
000 ST. Paul 81, $40; Texas Pacific. $3.50; Unisn
Pacific, 10, TO; Western Union, ,555.
Government bonds and State bonds were dull
and steady. The politic.ai Complications in
Europe and their Depressing influence upon the
markets tEvre, and especially the London stock
market, again became the most important factor
In the course Of prices here. The early morn
ing advices showed a feverish and depressed
condition among our securities upon the London
Exchange, and the confident feeling existing
last evening disappeared before the opening of
the board. There was again a pressure to sell
by foreign houses, and all OF the specialtes in
which London is interested were heavy suffer
ers. AS usual, the room was on the side of the
dominant movement, and sales for both sides of
the account were heavy. Although there was
no encouragement in the progress Of the rego-
tiations looking toward d settlement Of the
labor difficulties, the advices from Washington
we're favorably received Stocks were more
freely supported, and an entire revulson
in the temper Of the speculation
took place The early losses were entirely re-
covered under the free covering of shorts, but
realizations toward the close caused slight
depression at that time. New England was
again the most conspicuous stock on the list, and
the London speciaties came next in order. The
general list however, was comparatively quiet
The opening was decidedly weak, declines
from last evenings final figures being from TO
'&l the latter In Reading. A steady depreciation
1ook place, and by 1890 material declines had
beet established. After that time, however, a
better feeling prevailed, and by delivery hour
most of the stocks were at the highest for the
A renewal of the depression occurred in the last
three qi,art ters Of an hour and the market closed
quiet and generally weak. Sales, 352 524 shares.
The active list generally shows declines, Louis
vile &. Nashville being down p; Texas Pacific,
II; Norfolk & Western preferred, L.
Railroad bonds were moderately active. The
most conspicuous movement was an advance Of
81 per cent. in New York City & Northern Ger
tifcates which is generally supposed to have
some connection with the New England deal.
They ran off somewhat at the close. and finally
closed IL per cert. higher, at 691, upon sales of
$2a100. There were sales of $148, 900 of Erie
seconds, and $119, 900 of Denver fours, out of a
total days business of ST. 1884, Goo Prices closely
followed the movements in share speculation.
and final prices show losses in majority of
cases. Texas Rio Trust receipts are down II,
1t 65; Nickel plate frsts lost 2, at 95 The clos
ing bids were follows: